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Lottery Monthly PV You just won the lottery! As your prize you will receive $ 2 , 9 8 0 a month for 2 2

Lottery Monthly PV

You just won the lottery! As your prize you will receive $

2, 980

a month for

222

months. If you can earn

14 %

APR, compounded monthly, on your money, what is this prize worth to you today?

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